AcaPrepare an individual essay of 1,500 words (excluding bibliography, appendices) on the following statement: “The principal of rationdemic Writing

Completed Posted May 19, 2015 Paid on delivery
Completed Paid on delivery

Prepare an individual essay of 1,500 words (excluding bibliography, appendices) on the following statement:

“The principal of rationality is considered to be the most important characteristic of individual behaviour in neoclassical theory. Under this principal, individuals can make such choices for which they maximize their utility.” Discuss the significance of rationality in behavioural economics and how this particular notion may influence the agreements between two or more parties. Your arguments must be fully supported by the inclusion of relevant economic theory, a literature search and examples if appropriate.

The answer of this coursework demonstrates the learning outcomes of topics 1-5. The student may take the following points into consideration:

· How the notion of rationality is treated by neoclassical and behavioural economics along with its significance to reality.

· Are individuals considered to be rational by behavioural economics?

· How rationality can affect contracts and agreement between two or more parties.

· How behavioural theories (e.g. Coase’s theory of the firm, the managerial approach, Williamson’s transaction cost approach, principal-agent theory) can provide an explanation on the contract procedure.

· Does the managerial approach of the firm (e.g. Baumol, Williamson and Marris) work under the behavioural assumption of rationality?

· Do transaction costs occur if individuals are rational?

· How do agreements work between principals and agents if both parties are rational? What happens in reality?

Research Writing

Project ID: #7699897

About the project

10 proposals Remote project Active May 19, 2015

Awarded to:

crispwriter

A proposal has not yet been provided

£69 GBP in 2 days
(111 Reviews)
6.6

10 freelancers are bidding on average £34 for this job

samin59

Experienced and accomplished ACADEMIC WRITER available to provide quality work. Please contact for future consideration. Regards

£35 GBP in 1 day
(131 Reviews)
6.4
jitinchadha1984

Dear Employer/s Greetings from Innovations India!! We are among the top 500 freelancers on this website out of the total population of more than 14 million. We have high job completion rate along with excelle More

£10 GBP in 0 days
(75 Reviews)
5.4
emiliatech

A proposal has not yet been provided

£32 GBP in 1 day
(135 Reviews)
6.0
aaatifkhannn2010

Hi, I have Completed MBA in marketing and have done Bachelors In Business Administration. I have Read the description and can efficiently do the task. I Have more than 5 years of experience in Academic writing.. More

£30 GBP in 2 days
(127 Reviews)
5.8
bkabubi

am an experienced Academic Writing Writer and would like to be considered for your next job or project. I have been working as an Academic Writing Writer for most of my career spanning over five years and have worked f More

£60 GBP in 1 day
(139 Reviews)
5.8
swamiaks00

I am a professional full time academic research writer fully proficient in HARVARD, APA, MLA, Chicago and Oxford writing styles. I am competent in writing dissertations, thesis, reports, case studies, personal developm More

£23 GBP in 1 day
(81 Reviews)
4.9
atiqbd

Dear Hiring Manager I have related sort of expertise and can deliver the best. I know all sorts of referencing system like APA, MLA, IEEE and others. Will ensure the highest standard to satisfy you. Pls check my fe More

£26 GBP in 3 days
(37 Reviews)
4.7
writings254

I appreciate such valuable project! I can bring precision to your project. With over three years’ experience am able to craft fresh and mechanically excellent pieces, which interest and involve readers while maintainin More

£21 GBP in 1 day
(34 Reviews)
4.4
charleslimnet

I am fast, reliable, and accurate academic writer. I have approved skills in dissertation, Article, technical, report writing, research, and all the appropriate formatting styles/methods. I am a proficient writer havin More

£35 GBP in 1 day
(18 Reviews)
4.0